香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 MOBICON GROUP LIMITED 萬保剛集團有限公司 * （於百慕達註冊成立之有限公司） （股份代號：1213） 截至二零二五年三月三十一日止年度 全年業績公佈 業 績 萬保剛集團有限公司（「本公司」）董事（「董事」）會謹此公佈本公司及其附屬公司（「本 集 團」）截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度 之 經 審 核 綜 合 業 績 連 同 比 較 數 字 如 下： 綜合損益表 綜合全面收益表 截至二零二五年三月三十一日止年度 | 二零二五年 | 二零二四年 | 千港元 | 千港元 | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | (10,480) | 年 | 內（虧 | 損）╱溢 | ...

Financial Performance - Revenue for the six months ended September 30, 2024, was HK$150,671,000, a decrease of 19.9% compared to HK$188,200,000 in 2023[8]. - Gross profit decreased by 21.6% to HK$41,079,000 from HK$52,398,000 year-over-year[8]. - EBITDA dropped significantly by 79.1% to HK$2,078,000 from HK$9,946,000 in the previous year[8]. - Loss attributable to equity holders increased by 117.8% to HK$4,985,000 compared to HK$2,289,000 in 2023[8]. - Basic loss per share was HK(2.5) cents, up 127.3% from HK(1.1) cents in the prior year[8]. - The Group reported an operating loss of HK$1,238,000 for the six months ended September 30, 2024, compared to an operating profit of HK$6,155,000 in 2023[73]. - The loss attributable to equity holders of the Company for the period was HK$4,985,000, compared to a loss of approximately HK$2.3 million in the Corresponding Period[47]. - The company reported a loss for the period of HK$4,833,000 for the six months ended 30 September 2024, compared to a profit of HK$946,000 in the same period of 2023[109]. Assets and Liabilities - Total assets as of September 30, 2024, were HK$276,406,000, reflecting a slight increase of 0.9% from HK$273,883,000[8]. - Current liabilities decreased to HK$101,839,000 from HK$99,452,000, indicating a reduction of 1.4%[79]. - Net assets rose to HK$170,829,000, up from HK$166,648,000, representing an increase of 2.6%[79]. - The Group's cash and bank balances amounted to approximately HK$28 million, with net current assets of approximately HK$114 million[62]. - The Group's total trade payables decreased to HK$13,945,000 as of September 30, 2024, from HK$15,203,000 as of March 31, 2024, representing a decrease of approximately 8.3%[150]. - The Group's gross borrowings amounted to approximately HK$69 million, with net borrowings remaining stable at approximately HK$41 million[64]. Dividends and Shareholder Information - The interim dividend per share remained unchanged at HK$0.5[8]. - The Board declared an interim dividend of HK$0.005 per ordinary share for the Period, consistent with the previous year[10]. - The interests of Dr. Hung Kim Fung and Ms. Yeung Man Yi in shares are deemed to be duplicated due to their joint ownership[17]. - As of September 30, 2024, M2B Holding Limited holds 90,000,000 shares, representing 45% of the company's shares[21]. - The Group's issued and fully paid share capital remained at HK$20,000,000 as of both 30 September 2024 and 31 March 2024[165]. Operational Highlights - The Electronic and Electrical Trading Business contributed approximately HK$100 million in revenue, down 19.4% from HK$124 million in the Corresponding Period, accounting for approximately 66% of total revenue[50]. - Revenue from South Africa was approximately HK$52 million, representing a decrease of approximately 22.4% compared to HK$67 million in the Corresponding Period[55]. - The revenue of the Computer Retail Business decreased by approximately 28.6% to approximately HK$5 million, while the Computer Distribution Business revenue fell by approximately 20% to approximately HK$24 million[60]. - The revenue of the Cosmetic Business and Online Retail Business declined by approximately 18.5% to approximately HK$22 million due to challenges from cross-border shopping and competitive delivery strategies[60]. - The Group's revenue from computer products and mobile accessories was HK$29,082,000, down from HK$36,576,000, indicating a decline of 20.1%[101]. Cash Flow and Financial Position - Net cash generated from operating activities decreased to HK$4,740,000 for the six months ended 30 September 2024, down from HK$14,434,000 in the same period of 2023, representing a decline of approximately 67.2%[84]. - Cash and cash equivalents at the end of the period increased to HK$27,662,000, up from HK$24,592,000 in the previous year, marking an increase of about 8.5%[84]. - The Group recorded a net operating cash inflow of approximately HK$4.7 million during the period, a decrease from approximately HK$14 million in the previous period[62]. - The effect of foreign exchange rate changes contributed HK$1,198,000 to cash and cash equivalents, compared to a negative impact of HK$874,000 in the prior year[84]. Governance and Compliance - The Company has adopted a Code of Conduct for Directors' transactions in securities, in compliance with the Model Code[17]. - The company complied with the Corporate Governance Code throughout the period, with a noted deviation regarding the retirement of directors[32]. - The Audit Committee reviewed the accounting principles and practices adopted by the Group and discussed financial reporting matters[33]. - The Remuneration Committee is responsible for recommending remuneration policies for all Directors and senior management[34]. - The Nomination Committee was established to formulate policies on nominations and appointments of Directors[40]. Future Outlook - The Group anticipates that demand in the consumer electronics business in 2025 will be influenced by trade negotiations between China and the United States and various geopolitical uncertainties[60]. - Following the national election in South Africa, the Group expects improved business conditions and new growth opportunities in 2025[60]. - The Group remains optimistic about the future prospects of online consumption despite challenges in the Cosmetic Business and Online Retail Business[60].

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 150,671,000, a decrease of 20% compared to HKD 188,200,000 for the same period in 2023[6] - Gross profit for the same period was HKD 41,079,000, down 21.5% from HKD 52,398,000 year-on-year[6] - The company reported a net loss of HKD 4,833,000 for the six months ended September 30, 2024, compared to a profit of HKD 946,000 in the previous year[8] - Basic and diluted loss per share was HKD 2.5, compared to HKD 1.1 for the same period last year[6] - The company reported a loss before tax of HKD 2,676,000 for the six months ended September 30, 2024, compared to a profit before tax of HKD 4,008,000 for the same period in 2023[24] - The company recorded a revenue of approximately HKD 151 million for the six months ended September 30, 2024, a decrease of about 19.7% compared to approximately HKD 188 million for the same period last year[48] - Gross profit decreased by approximately 21.2% to about HKD 41 million, with a gross margin of approximately 27.3% compared to 27.8% in the same period last year[49] - Operating loss for the period was approximately HKD 1.2 million, compared to an operating profit of approximately HKD 6.2 million in the same period last year[49] - The company reported a net loss attributable to equity holders of approximately HKD 5 million, compared to a net loss of approximately HKD 2.3 million in the same period last year[52] - Basic loss per share for the period was HKD 0.025, compared to HKD 0.011 in the same period last year[52] Assets and Liabilities - Total assets as of September 30, 2024, amounted to HKD 276,406,000, an increase from HKD 273,883,000 as of March 31, 2024[10] - Total assets as of September 30, 2024, were HKD 276,406,000, while total liabilities were HKD 105,577,000[30] - Cash and bank balances increased to HKD 27,662,000 from HKD 23,658,000 as of March 31, 2024[10] - Non-current assets rose to HKD 60,295,000 from HKD 59,788,000 as of March 31, 2024[10] - The company’s equity attributable to owners increased to HKD 124,123,000 from HKD 113,025,000[12] - Trade receivables as of September 30, 2024, amounted to HKD 25.7 million, down from HKD 27.3 million as of March 31, 2024[45] - Trade payables as of September 30, 2024, were HKD 13.9 million, a decrease from HKD 15.2 million as of March 31, 2024[46] - The total borrowings amounted to approximately HKD 69 million, with a net debt of about HKD 41 million after deducting cash and cash equivalents[65] - The group's net asset to debt ratio decreased to 24% as of September 30, 2024, compared to 25% as of March 31, 2024[65] Revenue Breakdown - Revenue from the electronic and electrical components business was HKD 100,008,000, down 19.5% from HKD 124,179,000 in the previous year[21] - Revenue from computer products and mobile accessories was HKD 29,082,000, a decline of 20.6% from HKD 36,576,000[21] - Revenue from cosmetics and online retail was HKD 21,581,000, down 21.4% from HKD 27,445,000[21] - Revenue from electronic and electrical components trading was approximately HKD 100 million, a decrease of about 19.4% compared to HKD 124 million in the same period last year[54] - The computer retail business recorded revenue of approximately HKD 5 million, down about 28.6% from HKD 7 million in the previous year, while the computer distribution business generated approximately HKD 24 million, a decline of about 20%[56] - Revenue from cosmetics and online retail decreased to approximately HKD 22 million, representing a decline of about 18.5% from HKD 27 million in the previous year[57] Operational Insights - The company generated revenue primarily from Hong Kong, the Asia-Pacific region, South Africa, and Europe[32] - The group expects improved business conditions in 2025 following the conclusion of major elections and a more stable business environment in South Africa[58] - The group employs a total of 345 full-time employees across Hong Kong and overseas subsidiaries as of September 30, 2024[69] Corporate Governance and Compliance - The company will suspend share transfer registration from December 12, 2024, to December 16, 2024, for mid-term dividend eligibility[71] - During the period, the company did not redeem any of its listed shares nor buy or sell any listed shares[72] - The company has adhered to the corporate governance code, with a deviation regarding the rotation of directors every three years[73] - The audit committee has reviewed the accounting principles and practices adopted by the group and discussed risk management and internal controls[76] - The interim report will be sent to shareholders and published on the Hong Kong Stock Exchange and the company's website[77] - The company expresses gratitude to all directors and employees for their loyal service and support from clients, suppliers, banks, and shareholders[78] Financing and Costs - The company incurred financing costs of HKD 1,438,000, down from HKD 2,147,000 in the previous year[6] - Total financing costs for the period were approximately HKD 1.4 million, a decrease of about 33.3% from approximately HKD 2.1 million in the same period last year[50] - Employee benefits expenses were HKD 26.1 million, slightly down from HKD 27 million in the previous year[37] Risk Management - The company is currently assessing the potential impact of new Hong Kong Financial Reporting Standards but has not identified any significant effects on its operational performance and financial position[19] - The group has not taken any significant foreign exchange risk measures, as most transactions are denominated in HKD, RMB, and USD[66] - Properties with a book value of approximately HKD 27 million are pledged as collateral for general banking facilities granted to subsidiaries in Singapore, Portugal, and South Africa[67] - As of September 30, 2024, the group has no contingent liabilities[68]

CONTENTS目錄 | 2 | Corporate Information | 公司資料 | | --- | --- | --- | | 4 | Group Structure | 集團架構 | | 5 | Financial Highlights | 財務摘要 | | 7 | CEO's Statement | 行政總裁報告 | | 11 | Management Discussion and Analysis | 管理層討論及分析 | | 16 | Directors' and Senior Management's Profile | 董事及高級管理層簡介 | | 24 | Corporate Governance Report | 企業管治報告書 | | 38 | Environmental, Social and Governance Report | 環境、社會及管治報告 | | 61 | Report of the Directors | 董事會報告 | | 71 | Independent Auditors' Report | 獨立核數師報告 | | 77 | Consolidated St ...

（於百慕達註冊成立之有限公司） （股份代號：1213） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 MOBICON GROUP LIMITED 萬保剛集團有限公司 * – 1 – | | | 二零二四年 | 二零二三年 | | --- | --- | --- | --- | | | 附 註 | 千港元 | 千港元 | | 經營溢利 | | 10,264 | 13,557 | | 融資成本 | 5 | (3,870) | (4,327) | | 除所得稅前溢利 | | 6,394 | 9,230 | | 所得稅開支 | 6 | (4,643) | (3,961) | | 年內溢利 | 4 | 1,751 | 5,269 | | 應 佔（虧 損）╱溢 利： | | | | | 本公司權益持有人 | | (4,891) | (378) | | 非控股權益 | | 6,642 | 5,647 | | | | 1,751 | 5,269 | | 年內本公司 ...

Financial Performance - Revenue for the six months ended September 30, 2023, was HK$188,200,000, a decrease of 14.2% compared to HK$219,424,000 in the same period of 2022[8]. - Gross profit for the same period was HK$52,398,000, down 10.1% from HK$58,268,000 year-over-year[8]. - EBITDA decreased by 20.2% to HK$9,946,000 from HK$12,459,000 in the prior year[8]. - The company reported a loss attributable to equity holders of HK$2,289,000, compared to a profit of HK$2,587,000 in the previous year, marking a 188.5% decline[8]. - Basic loss per share was HK(1.1) cents, a decrease of 184.6% from earnings of HK1.3 cents per share in the prior year[8]. - The total profit for the period was HK$946,000, a significant decrease from HK$5,314,000 in the same period last year[148]. - Profit for the period decreased to HK$946,000 from HK$5,314,000, representing a decline of approximately 82.2% year-over-year[103]. - Total comprehensive expense for the period was HK$5,084,000, compared to HK$16,462,000 in the previous year, indicating a reduction of about 69.0%[103]. Assets and Liabilities - Total assets as of September 30, 2023, were HK$292,775,000, down 8.5% from HK$320,093,000 as of March 31, 2023[8]. - Net assets decreased by 3.5% to HK$166,590,000 from HK$172,674,000[8]. - Current assets also fell from HK$252,536,000 to HK$231,884,000, a decrease of about 8.2%[105]. - Current liabilities decreased from HK$134,883,000 to HK$118,571,000, a reduction of about 12.1%[106]. - The total equity as of 30 September 2023 was approximately HK$167 million, down from approximately HK$173 million as of 31 March 2023[82]. - The Group's net borrowings decreased to approximately HK$45 million as of 30 September 2023, down from approximately HK$51 million as of 31 March 2023[82]. - The net gearing ratio improved to 27% as of 30 September 2023, compared to 29% as of 31 March 2023[82]. Cash Flow - The net cash balance improved by 35.1%, from a negative balance of HK$19,190,000 to HK$12,451,000[8]. - The Group recorded a net operating cash inflow of approximately HK$14 million, compared to HK$15 million in the corresponding period last year[84]. - Net cash generated from operating activities for the six months ended 30 September 2023 was HK$14,434,000, a decrease of 5.8% compared to HK$15,322,000 in the same period of 2022[110]. - Net cash used in investing activities significantly improved to HK$853,000 from HK$8,605,000 in the previous year, indicating a reduction in investment outflows[110]. - Net cash used in financing activities increased to HK$18,549,000 from HK$7,403,000, reflecting higher financing costs or repayments[110]. - The total cash and cash equivalents at the end of the period decreased to HK$24,592,000 from HK$31,141,000, representing a decline of 21.0%[110]. Dividends - An interim dividend of HK$0.005 per ordinary share was declared, consistent with the previous year[11]. - The company declared an interim dividend of HK$0.005 per ordinary share, totaling HK$1,000,000, consistent with the previous year[172]. Shareholding Structure - As of September 30, 2023, Dr. Hung Kim Fung and Ms. Yeung Man Yi each hold 90,000,000 shares, representing 45% of the company's total shares[19]. - Mr. Hung Ying Fung holds 26,990,000 shares, accounting for 13.5% of the total shares[19]. - Mr. Yeung Kwok Leung holds 30,000,000 shares, which is 15% of the total shares[19]. - M2B Holding Limited, owned by Dr. Hung and Ms. Yeung, holds 90,000,000 shares, representing 45%[32]. - Bestmark Management Limited, owned by Mr. Yeung and his wife, holds 30,000,000 shares, accounting for 15%[32]. Governance and Compliance - The company has complied with the Corporate Governance Code throughout the period, with a noted deviation regarding director retirement by rotation[36]. - No significant contracts involving directors' material interests were reported during the period[24]. - The company did not redeem or trade any of its listed shares during the period[35]. - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with the required standards[23]. Business Segments - The Group's revenue from the Electronic and Electrical Trading Business was approximately HK$124 million, representing a decrease of approximately 17.3% from approximately HK$150 million in the corresponding period[61]. - The revenue from the Computer Retail Business was approximately HK$7 million, a decrease of approximately 22.2% from approximately HK$9 million in the corresponding period[64]. - The revenue from the Cosmetic Business and Online Retail Business decreased to approximately HK$27 million, or about 3.6%, from approximately HK$28 million in the corresponding period[70]. - Segment results for the electronic and electrical trading business showed a profit of HK$6,224,000, while the computer business reported a loss of HK$283,000[148]. Financial Risks and Management - The Group's financial risk management policy has remained unchanged since the year ended 31 March 2023, continuing to address market, credit, and liquidity risks[130]. - The Group is currently assessing the potential impact of new HKFRSs but has not yet determined if they will significantly affect operations or financial position[126]. - The Group's accounting policies remain consistent with those of the annual financial statements for the year ended 31 March 2023[120].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公佈 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 MOBICON GROUP LIMITED 萬保剛集團有限公司* （於百慕達註冊成立之有限公司） （股份代號：1213） 截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 之 中 期 業 績 公 佈 業績 萬保剛集團有限公司（「本公司」）董事會（「董事會」）謹此公佈本公司及其附屬公 司（「本集團」）截至二零二三年九月三十日止六個月（「該期間」）之未經審核中期 綜 合 業 績，連 同 截 至 二 零 二 二 年 九 月 三 十 日 止 六 個 月（「去 年 同 期」）之 比 較 數 字。該等未經審核中期業績並未經本公司核數師審核，惟已經由本公司之審核 委員會（「審核委員會」）審閱。 ...

Financial Performance - Revenue for the year ended March 31, 2023, was HK$410,421,000, a decrease of 18.1% from HK$501,269,000 in 2022[11] - Gross profit decreased by 19.5% to HK$106,083,000 in 2023 from HK$131,768,000 in 2022[11] - Net profit for the year was HK$5,269,000, reflecting a significant decline of 75.1% compared to HK$21,140,000 in the previous year[11] - Earnings per share turned negative at HK$0.2, down from HK$6.6 in 2022, marking a 103% decrease[11] - Total assets decreased by 10.1% to HK$320,093,000 in 2023 from HK$355,925,000 in 2022[11] - Net assets per share fell to HK$86.3, down 8.3% from HK$94.1 in 2022[11] - The company's gross margin was 25.9%, slightly down from 26.3% in the previous year[11] - The Group recorded a turnover of approximately HK$410 million for the financial year ended 31st March 2023, a decrease of about 18.2% from HK$501 million in the previous year[26] - Gross profit decreased by approximately 19.7% to around HK$106 million, with a gross profit margin decline of about 1.5% from 26.3% to 25.9%[26] - The Group's operating profit was approximately HK$13.6 million, down from approximately HK$30 million in the previous year[26] - The loss attributable to shareholders was approximately HK$0.4 million, compared to a profit of approximately HK$13.2 million in the previous year, resulting in a loss per share of around HK$0.002[26] Business Segments - Revenue from the Electronic and Electrical Trading Business accounted for 66% of total revenue in 2023[18] - Turnover from the Electronic and Electrical Trading Business decreased by approximately 24.4% to about HK$273 million, while turnover from the Computer Business increased by approximately 2.6% to about HK$80 million[28] - The gross profit margins for the Electronic and Electrical Trading Business, Computer Business, and Cosmetic and Online Retail Business were approximately 28.0%, 19.3%, and 24.8% respectively, showing a decline in the Computer Business from 23.3% last year[46][54] - The Computer Retail Business recorded a turnover of approximately HK$16 million, a decrease of approximately 20% from HK$20 million last year, while the Computer Distribution Business increased by approximately 10.3% to HK$64 million[54][57] - The Cosmetic and Online Retail Business turnover decreased by approximately 9.5% to HK$57 million, down from HK$63 million last year, influenced by global inflation and increased operating costs[55][58] Financial Ratios and Assets - The company reported a current ratio of 1.9, unchanged from the previous year, while the quick ratio decreased by 14.3% to 0.6[11] - The inventory turnover ratio improved to 213 days in 2023, up from 185 days in 2022, indicating better inventory management[11] - The Group's cash and bank balances as of 31st March 2023 amounted to approximately HK$30 million, with a current ratio of approximately 1.9[60] - Total assets of the Group were approximately HK$320 million, down from approximately HK$356 million as of 31st March 2022[60] - The Group's total borrowings decreased to approximately HK$50 million from HK$69 million, with interest rates ranging from 2.8% to 11.3% per annum[62] - The total equity as of March 31, 2023, was approximately HK$173 million, down from HK$188 million a year earlier[66] - The net gearing ratio improved to 29% as of March 31, 2023, from 33% as of March 31, 2022[66] Market Outlook and Strategy - The Group expects the consumer electronics market to improve by the end of 2023, despite ongoing challenges from the Russia-Ukraine War and high inflation[32] - The Group is optimistic about the Cosmetics Retail Business due to the increase in tourists following the removal of COVID-19 restrictions, and plans to enhance procurement capabilities for high-quality Japanese goods[38] - The Group is nearing completion of its new headquarters in South Africa, which is expected to enhance operational efficiency and market share[33] - The company is considering strategic acquisitions to bolster its position in the electronics sector, with potential targets identified[86] - Market expansion efforts include entering two new Asian markets, projected to increase market share by 10%[86] Corporate Governance - The company has complied with the Corporate Governance Code during the Year Under Review, with some deviations regarding the retirement of directors [135] - The company emphasizes transparency, accountability, and independence in its corporate governance practices [134] - The Board is collectively responsible for overseeing the management of the business and affairs of the Group with the objective of enhancing share value [137] - The Company has adopted a board diversity policy to enhance corporate governance standards since August 29, 2013[144] - The Board consists of seven directors, including four executive directors and three independent non-executive directors, ensuring a balance of skills and experience[141] Management and Personnel - The executive team consists of experienced professionals with over 40 years of combined experience in the electronics industry, ensuring robust leadership[86] - The Group employed a total of 386 full-time employees as of March 31, 2023[75] - The financial management is overseen by the Chief Financial Officer, who has over 14 years of experience in auditing and accounting [120] - The business development managers are responsible for product development and brand management across various sectors [122][124] Audit and Compliance - The audit committee conducted four meetings during the review year, focusing on the effectiveness of financial reporting, risk management, and internal control systems[190] - The audit committee ensured compliance with accounting principles and practices as per the Listing Rules and statutory requirements[191] - The audit committee has recommended the re-appointment of the external auditors, indicating confidence in their performance[200] Dividend Policy - The company has adopted a dividend policy, allowing the board to declare dividends subject to legal restrictions and other considerations[192] - The board considers factors such as debt to equity ratios and market conditions when deciding on dividend payments[194] - The company emphasizes the importance of retained earnings and distributable reserves in its dividend policy[194]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 MOBICON GROUP LIMITED 萬保剛集團有限公司* （於百慕達註冊成立之有限公司） （股份代號：1213） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 全 年 業 績 公 佈 業績 萬保剛集團有限公司（「本公司」）董事（「董事」）會欣然宣佈本公司及其附屬公司 （「本集團」）截至二零二三年三月三十一日止年度之綜合業績連同比較數字如 下： 綜合損益表 截至二零二三年三月三十一日止年度 二零二三年 二零二二年 附註 千港元 千港元 ...

Financial Performance - Revenue for the six months ended September 30, 2022, was HK$219,424,000, a decrease of 15.6% compared to HK$259,886,000 in the same period of 2021[10]. - Gross profit decreased by 17.3% to HK$58,268,000 from HK$70,469,000 year-on-year[10]. - EBITDA fell by 40.1% to HK$12,459,000 compared to HK$20,784,000 in the previous year[10]. - Profit attributable to equity holders of the company was HK$2,587,000, down 64.6% from HK$7,299,000 in the prior year[10]. - Basic earnings per share decreased by 63.9% to 1.3 HK cents from 3.6 HK cents year-on-year[10]. - The Group recorded a revenue of approximately HK$219 million during the Period, representing a decrease of approximately 15.8% compared to HK$260 million in the Corresponding Period[51]. - Gross profit decreased from approximately HK$70 million in the Corresponding Period to approximately HK$58 million, a decline of approximately 17.1%, with a gross profit margin of approximately 26.6%[52]. - The Group recorded an operating profit of approximately HK$8.4 million for the Period, down from HK$17.3 million in the Corresponding Period[52]. - Profit attributable to equity holders was approximately HK$2.6 million, down from approximately HK$7.3 million in the corresponding period, with basic earnings per share of HK$0.013 compared to HK$0.036[58]. - The Group reported a total comprehensive loss of HK$16,462,000 for the period ended September 30, 2022[95]. Assets and Liabilities - Total assets as of September 30, 2022, were HK$321,872,000, a decline of 9.6% from HK$355,925,000 as of March 31, 2022[10]. - Net assets decreased by 9.3% to HK$170,707,000 from HK$188,169,000[10]. - The Group's total borrowings amounted to approximately HK$65 million, down from HK$69 million as of 31 March 2022[76]. - Current liabilities decreased from HK$162,695,000 to HK$142,930,000, a reduction of about 12.1%[90]. - Total liabilities were HK$151,165,000 as of September 30, 2022[144]. - The net debt after deducting cash and cash equivalents of approximately HK$32 million is about HK$32 million, resulting in a net debt-to-equity ratio of 36.4% as of 30 September 2022, up from 33% as of 31 March 2022[76]. Cash Flow - Net cash generated from operating activities for the six months ended 30 September 2022 was HK$15,322,000, a decrease of 21.4% compared to HK$19,544,000 in 2021[97]. - Net cash used in investing activities increased significantly to HK$8,605,000 from HK$1,663,000 in the previous year, indicating a higher investment outflow[97]. - Cash and cash equivalents at the end of the period were HK$31,141,000, down from HK$35,135,000 in 2021, reflecting a decrease of 11.3%[97]. Dividends - The interim dividend per share remained unchanged at 0.5 HK cents[10]. - The Board declared an interim dividend of HK$0.005 per ordinary share for the six months ended 30 September 2022, unchanged from the previous year[12]. - The interim dividend will be payable on 23 December 2022 to eligible shareholders[12]. Shareholding Structure - As of 30 September 2022, Dr. Hung Kim Fung and Ms. Yeung Man Yi each hold 90,000,000 shares, representing 45% of the total interests[16]. - Mr. Yeung Kwok Leung holds 30,000,000 shares, accounting for 15% of the total interests[16]. - Mr. Hung Ying Fung has personal interests of 26,990,000 shares, which is 13.5% of the total interests[16]. Business Segments - The Group continues to focus on three main business segments: Electronic and Electrical Trading, Computer Business, and Cosmetic and Online Retail Business, which are critical for resource allocation and performance assessment[111]. - Revenue from the Electronic and Electrical Trading Business was approximately HK$150 million, representing a decrease of approximately 22.3% from approximately HK$193 million in the corresponding period[62]. - Revenue from the Computer Retail Business decreased by approximately 10% to HK$9 million, while the Computer Distribution Business increased by approximately 6.5% to HK$33 million[69]. - The revenue of the Cosmetic Business and Online Retail Business increased by approximately 7.7% to HK$28 million, despite conservative consumer sentiment impacting store sales[69]. Expenses - Total operating expenses for the Period were approximately HK$55 million, compared to approximately HK$54 million in the Corresponding Period[52]. - Distribution and selling expenses decreased by approximately 10.5% to about HK$17 million from approximately HK$19 million in the previous period[56]. - General and administrative expenses increased by approximately 5.6% to about HK$38 million from approximately HK$36 million in the corresponding period[56]. - Employee benefit expense totaled HK$27,890,000 for the six months ended 30 September 2022, slightly increasing from HK$27,397,000 in 2021[168]. Financial Risks and Management - The Group did not incur any significant foreign exchange risks as of 30 September 2022, with no hedging transactions undertaken[77]. - The Group's financial risk management policy has remained unchanged since March 31, 2022, indicating stability in risk management practices[108]. Related Party Transactions - The Group's related party transactions were conducted in the normal course of business at terms agreed between the contracting parties[196]. - M-Bar Limited is a wholly-owned subsidiary of Mobicon Electronic Supplies Company Limited, owned by significant shareholders of the Company[196]. - PC Supply Group is primarily owned by A Plus Computer Shop Limited, which is also beneficially owned by the Company's directors and substantial shareholders[197].